RVW Wealth LLC Grows Position in iShares U.S. Technology ETF $IYW

RVW Wealth LLC raised its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 16.8% during the third quarter, HoldingsChannel reports. The fund owned 104,891 shares of the exchange traded fund’s stock after buying an additional 15,114 shares during the period. iShares U.S. Technology ETF comprises approximately 1.8% of RVW Wealth LLC’s holdings, making the stock its 18th largest position. RVW Wealth LLC’s holdings in iShares U.S. Technology ETF were worth $27,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after purchasing an additional 1,031,871 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Technology ETF during the 2nd quarter valued at about $200,579,000. Focus Partners Wealth increased its stake in iShares U.S. Technology ETF by 450.1% during the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after purchasing an additional 255,584 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in iShares U.S. Technology ETF in the fourth quarter worth about $41,199,000. Finally, Align Financial LLC purchased a new position in iShares U.S. Technology ETF in the fourth quarter worth about $23,923,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Up 0.4%

Shares of NYSEARCA IYW traded up $0.96 during midday trading on Tuesday, hitting $272.59. The stock had a trading volume of 639,213 shares, compared to its average volume of 1,084,468. The business’s 50 day moving average is $252.99 and its 200-day moving average is $236.56. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44. The company has a market cap of $27.31 billion, a P/E ratio of 34.95 and a beta of 1.35.

About iShares U.S. Technology ETF

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.